Which rules for Trump? The rule he was hit with
by krudler (2024-03-26 11:21:33)

In reply to: On running the business  posted by sprack

Cannot Reply Return to Political

that hasn't been used in NY before? An utterly absurd bond amount (that everyone knew would be reduced upon appeal) while there is cashless bail in NY? This was an outrageous decision that would have made it even less attractive to do business in NY, and businesses were rightfully worried. The bulge bracket lenders had their chance to do their diligence, and did so, and still loaned Trump money (which was repaid), while looking to do business with him again. This ruling can only be supported by those with TDS willing to overlook precedent and how business is actually conducted. If you've ever taken out a business loan or done an M&A transaction you would absolutely know there is the "sell-side" financials, and the lender does its own work, and lends based on real credit risk. None of this is to forget there was an AG who ran on suing Trump, which is a frightening prospect for our legal system.

Replies: